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r <br />Fpm 360(k9 UNITED STATES <br />?vovember'2068) DEPARTMENT OF THE INTERIOR <br />' BUREAU OF LAND MANAGEMENT <br />CONTRACT FOR THE SALE OF MINERAL MJ <br />ROACAVI <br />AUG 10 2010 <br />Div:'qian ci t<Wciayr <br />1TERIALSklining i rd Sat <br />FORM APPROVED O1 ' v <br />OMB NO. 1004-0103 <br />rires: Sevtember 30.2011 <br />000, LITTLE SNAKE FIELD OFC <br />The UNITED STATES OF AMERICA acting through the Bureau of Land Management (BLM), and PRECISION EXCAVATING <br />you, the purchaser, make this AGREEMENT, under the authority of the Act of July 31, 1947 (61 Stat. <br />681), as amended at 30 U.S.C. 601 through 604, and the regulations at 43 CFR, Group 3600. <br />/`1-;?ooq -lb7 5 <br />We agree: <br />See. 1. Contract area - Under the terms and conditions of this contract, the United States sells to you and you buy the mineral materials <br />listed in Section 2 and contained in the following lands as shown on the map and mining plan attached to this contract: <br />COUNTY STATE TOWNSHIP RANGE SECTION ALIQUOT PARTS MERIDIAN ACREAGE <br />MOFFAT CO 11N 95W 30 S''Y2NE%, SE'K SE'%SW'Y4 6TH P.M. <br />MOFFAT CO 11N 95W 31 NW%NE%, NE%NW% 6TH P.M. <br /> 101 <br /> R ' -I'VE' <br /> AUG 0 6 20TO <br /> GRAND JUNG i ivvv ritiu OFFICE <br /> DIVISION OF <br /> RECLAMATION MINING & SAFETY <br />Pit Name (if any): PEROULIS BROTHERS SNAKE RIVER PIT <br />Sec. 2. Amount and price of materials - The United States determines the total purchase price by multiplying the total quantity of each kind <br />of mineral material designated by the unit price given below, or as changed through reappraisal. <br />KIND OF MATERIALS QUANTITY <br />nits Specified) PRICE <br />PER UNIT TOTAL PRICE <br />3/4" ROAD BASE 5,000 TONS 0.64 $3,200.00 <br />TOTAL $3,200.00 <br />BLM's determination of the amount of materials that you have <br />taken under the contract is binding on you. You may appeal this <br />determination as provided in Section 19. <br />You are liable for the total purchase price, even if the quantity of <br />materials you ultimately extract is less than the amount shown <br />above. You may not mine more than the quantity of materials <br />shown in the contract. <br />Sec. 3. Payments, title, and reappraisals -You may not extract the <br />materials until you have paid in advance for them in full <br />$ 3,200.00 , or paid the first installment of <br />$ 500.00 <br />E] If you pay in full in advance, BLM will check this box, and <br />Subsections 3(a) through 3(c) do not apply to your contract. <br />You must pay in full for all sales of $2,000 or less. <br />(a) If you pay in installments, you must pay the first <br />installment before BLM approves the contract. <br />(b) Once you start removing material, you must pay each <br />subsequent installment payment monthly in an amount equal to the <br />value of materials removed in the previous month. Payment must <br />be made by the 15th day following the end of the month for which <br />you are reporting. You must pay the total purchase price not later <br />than 60 days before the contract expires. <br />(Continued on page 2)